Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands that have led this island of just five million people to be a leader in the sector.
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What potential problems could aviation leasing and financing companies face?
Senior Vice President, Dario Mulas Debois, explains how Marsh can help manage and mitigate exposures.
To find out more about crime risk or any other risk affecting your business, please email us at aviation360@marsh.com

published:31 Jul 2019

views:40

From co-owning Milwaukee’s NBA franchise to working with multiple U.S. presidents, Marc Lasry has worn many hats during his career. However, the co-founder of Avenue Capital Group says his core strategy for making money today does not resemble the approach he took a decade ago. In this in-depth interview, Lasry speaks with Illinois StateBoard of Investment chairman Marc Levine about running a successful hedge fund, finding value in Europe and Asia, and why he loves opportunities in aviation.
Watch more Real Vision™ videos: http://po.st/RealVisionVideos
Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe
Start a 14-day free trial: https://rvtv.io/2NfusU4
About The Interview:
Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go.
About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
Connect with Real Vision™ Online:
Linkedin: https://rvtv.io/2xbskqx
Twitter: https://rvtv.io/2p5PrhJ
Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™
https://www.youtube.com/c/RealVisionTelevision
Transcript:
So Avenue Aviation is a fund that-- that's actually how we met originally. And that's an asset that you've invested in back in the multi-- when you were doing multiple strategies, and then like energy, carved out. So can you sort of describe that business the way you do it? Sure. So really what you're doing is you're buying a hard asset. That's what a plane is. So think of it this way. Everybody wants a new plane. And the reason people are buying new planes, every five, 10 years, new technology comes out. And you add lighter frames, so you are saving money on fuel costs. And that was the biggest -- other than the new technology -- the biggest expense for airlines is really the fuel costs. So think of a car -- same thing. Everybody wants a new car. And you want it because of new technology, and it's more miles to the gallon. Now when all of a sudden oil goes from $100 to $50, you're not really as focused on saving money on fuel. So where we saw that there was a huge opportunity is end-of-life planes. That planes that used to cost $100 million when they were new, 15 years later, 20 years later, those same planes are $5 million. So you can buy those planes – think of it again as a car. So a 20-year-old car, whetherit's a Mercedes or it's a Ford or whatever, it's still a 20-year-old car. So you're going to pay what? $1,000, $500 for the car. But that car is still doing the same thing as every new car does. It gets you from point A to point B. And when you take a look at what's happened in the aviation side, we now-- today, if you're an airline, it's better or it's cheaper for an airline to keep flying older planes because what it's costing them on fuel costs, they're more than making up by not spending $100 million for a new plane. So what you're seeing in that space is that airlines are leasing older planes. So if you fly, when you came out here, you didn't look at it and go, wow, am I on a new plane or not? You just want to go from Chicago to here. And airlines know that. So they're making actually a lot more money today. And for us, they're leasing those older planes. So we buy those planes, lease them out, and we pretty much get back our cost over three years or four years. And now you still have the value of that plane. So what is a 20-year-old plane-- if it's worth $5 million today, what's it worth in five years? Still $5 million-- $4 million. It's already at-- and the reason-- it's at its liquidation value. And what I mean by that is we bought three planes for $5 million each. They had 12 engines. So what did we do with those planes? Well, right after we bought them, somebody needed engines. So we sold nine of the engines. But we sold nine of the engines for $16 million. So we sold nine of the engines for more than we had bought the all the planes. And now what do we have? We have three planes, can't really fly them. So all you do is part it out.

published:24 Apr 2018

views:2240

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the most exciting sectors to be in. New players with different business plans are entering the market – manufacturers, low cost carriers, finance houses, operating lessors. This is a time of change and growth. With over $150 bn worth of new jet aircraft delivered every year, the opportunities are great - but so are
the risks.
In this course, organised in association with course director Kenneth ray, aims to provide an understanding of the key issues involved in aviation finance in order to identify and minimize the inherent risks and liabilities. Using case studies and workshops, the course will address the key issues in aviation finance and how to navigate the way around them.

Aviation

Aviation is the practical aspect or art of aeronautics, being the design, development, production, operation and use of aircraft, especially heavier than air aircraft. The word "aviation" was coined by French writer and former naval officer Gabriel La Landelle in 1873, from the verb "avier" (synonymous flying), itself derived from the Latin word "avis" ("bird") and the suffix "-ation".

Lighter than air

The modern age of aviation began with the first untethered human lighter-than-air flight on November 21, 1783 of a hot air balloon designed by the Montgolfier brothers. The practicality of balloons was limited because they could only travel downwind. It was immediately recognized that a steerable, or dirigible, balloon was required. Jean-Pierre Blanchard flew the first human-powered dirigible in 1784 and crossed the English Channel in one in 1785.

Aviation (cocktail)

History

The Aviation was created by Hugo Ensslin, head bartender at the Hotel Wallick in New York, in the early twentieth century. The first published recipe for the drink appeared in Ensslin's 1916 Recipes for Mixed Drinks. Ensslin's recipe called for 1½ oz. El Bart gin, ¾ oz. lemon juice, 2 dashes maraschino liqueur, and 2 dashes crème de violette, a violet liqueur which gives the cocktail a pale purple color. Omitting the cherry liquor changes the drink into a blue moon which is a grey color.

Harry Craddock's influential Savoy Cocktail Book (1930) omitted the crème de violette, calling for a mixture of two-thirds dry gin, one-third lemon juice, and two dashes of maraschino. Many later bartenders have followed Craddock's lead, leaving out the difficult-to-find violet liqueur.

Creme Yvette, a violet liqueur made with additional spices, can be substituted in versions that call for crème de violette.

Marc Lasry

Early life and education

Lasry was born in Marrakech to a family of Moroccan Jews. When he was seven years old, he and his family immigrated to the U.S. His father, Moise, was a computer programmer and his mother, Elise, was a schoolteacher. Lasry grew up in West Hartford, Connecticut and received a B.A. in history from Clark University in 1981 and a J.D. from New York Law School in 1984. While in law school, he worked as a clerk for the Chief Bankruptcy Judge of the Southern District of New York, Edward Ryan.

Career

After graduating from law school, Lasry took a position in the bankruptcy branch of the law firm Angel & Frankel. Together with his sister Sonia Gardner, they founded Amroc Investments in 1989 and Avenue Capital Group in 1995. One year later Lasry became the director of the private debt department at the investment firm R. D. Smith, now Smith Vasillou Management. This is where Lasry first got involved in trade claims. He then took a position as Co-Director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company. There Lasry recruited his sister Sonia Gardner, also an attorney, to assist in the company's trade claims department. Lasry left Cowen & Company and joined the Robert M. Bass Group, focused on distressed security investments.

Irish Aviation: Ireland dominates aircraft leasing industry

Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands that have led this island of just five million people to be a leader in the sector.
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
Facebook: http://trt.world/facebook
Twitter: http://trt.world/twitter
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

Aviation: 360 Protection - Lease / Finance

What potential problems could aviation leasing and financing companies face?
Senior Vice President, Dario Mulas Debois, explains how Marsh can help manage and mitigate exposures.
To find out more about crime risk or any other risk affecting your business, please email us at aviation360@marsh.com

4:49

Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™

Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™

Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™

From co-owning Milwaukee’s NBA franchise to working with multiple U.S. presidents, Marc Lasry has worn many hats during his career. However, the co-founder of Avenue Capital Group says his core strategy for making money today does not resemble the approach he took a decade ago. In this in-depth interview, Lasry speaks with Illinois StateBoard of Investment chairman Marc Levine about running a successful hedge fund, finding value in Europe and Asia, and why he loves opportunities in aviation.
Watch more Real Vision™ videos: http://po.st/RealVisionVideos
Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe
Start a 14-day free trial: https://rvtv.io/2NfusU4
About The Interview:
Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go.
About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
Connect with Real Vision™ Online:
Linkedin: https://rvtv.io/2xbskqx
Twitter: https://rvtv.io/2p5PrhJ
Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™
https://www.youtube.com/c/RealVisionTelevision
Transcript:
So Avenue Aviation is a fund that-- that's actually how we met originally. And that's an asset that you've invested in back in the multi-- when you were doing multiple strategies, and then like energy, carved out. So can you sort of describe that business the way you do it? Sure. So really what you're doing is you're buying a hard asset. That's what a plane is. So think of it this way. Everybody wants a new plane. And the reason people are buying new planes, every five, 10 years, new technology comes out. And you add lighter frames, so you are saving money on fuel costs. And that was the biggest -- other than the new technology -- the biggest expense for airlines is really the fuel costs. So think of a car -- same thing. Everybody wants a new car. And you want it because of new technology, and it's more miles to the gallon. Now when all of a sudden oil goes from $100 to $50, you're not really as focused on saving money on fuel. So where we saw that there was a huge opportunity is end-of-life planes. That planes that used to cost $100 million when they were new, 15 years later, 20 years later, those same planes are $5 million. So you can buy those planes – think of it again as a car. So a 20-year-old car, whetherit's a Mercedes or it's a Ford or whatever, it's still a 20-year-old car. So you're going to pay what? $1,000, $500 for the car. But that car is still doing the same thing as every new car does. It gets you from point A to point B. And when you take a look at what's happened in the aviation side, we now-- today, if you're an airline, it's better or it's cheaper for an airline to keep flying older planes because what it's costing them on fuel costs, they're more than making up by not spending $100 million for a new plane. So what you're seeing in that space is that airlines are leasing older planes. So if you fly, when you came out here, you didn't look at it and go, wow, am I on a new plane or not? You just want to go from Chicago to here. And airlines know that. So they're making actually a lot more money today. And for us, they're leasing those older planes. So we buy those planes, lease them out, and we pretty much get back our cost over three years or four years. And now you still have the value of that plane. So what is a 20-year-old plane-- if it's worth $5 million today, what's it worth in five years? Still $5 million-- $4 million. It's already at-- and the reason-- it's at its liquidation value. And what I mean by that is we bought three planes for $5 million each. They had 12 engines. So what did we do with those planes? Well, right after we bought them, somebody needed engines. So we sold nine of the engines. But we sold nine of the engines for $16 million. So we sold nine of the engines for more than we had bought the all the planes. And now what do we have? We have three planes, can't really fly them. So all you do is part it out.

2:00

Aviation Finance and Leasing Excellence 2016

Aviation Finance and Leasing Excellence 2016

Aviation Finance and Leasing Excellence 2016

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the most exciting sectors to be in. New players with different business plans are entering the market – manufacturers, low cost carriers, finance houses, operating lessors. This is a time of change and growth. With over $150 bn worth of new jet aircraft delivered every year, the opportunities are great - but so are
the risks.
In this course, organised in association with course director Kenneth ray, aims to provide an understanding of the key issues involved in aviation finance in order to identify and minimize the inherent risks and liabilities. Using case studies and workshops, the course will address the key issues in aviation finance and how to navigate the way around them.

Irish Aviation: Ireland dominates aircraft leasing industry

Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands that have led this island of just five million people to be a leader in the sector.
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
Facebook: http://trt.world/facebook
Twitter: http://trt.world/twitter
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

Aviation: 360 Protection - Lease / Finance

What potential problems could aviation leasing and financing companies face?
Senior Vice President, Dario Mulas Debois, explains how Marsh can help manage and mitigate exposures.
To find out more about crime risk or any other risk affecting your business, please email us at aviation360@marsh.com

published: 31 Jul 2019

Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™

From co-owning Milwaukee’s NBA franchise to working with multiple U.S. presidents, Marc Lasry has worn many hats during his career. However, the co-founder of Avenue Capital Group says his core strategy for making money today does not resemble the approach he took a decade ago. In this in-depth interview, Lasry speaks with Illinois StateBoard of Investment chairman Marc Levine about running a successful hedge fund, finding value in Europe and Asia, and why he loves opportunities in aviation.
Watch more Real Vision™ videos: http://po.st/RealVisionVideos
Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe
Start a 14-day free trial: https://rvtv.io/2NfusU4
About The Interview:
Unfiltered, long-form deep dives with the most successful investors in the world. In discussio...

published: 24 Apr 2018

Aviation Finance and Leasing Excellence 2016

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the most exciting sectors to be in. New players with different business plans are entering the market – manufacturers, low cost carriers, finance houses, operating lessors. This is a time of change and growth. With over $150 bn worth of new jet aircraft delivered every year, the opportunities are great - but so are
the risks.
In this course, organised in association with course director Kenneth ray, aims to provide an understanding of the key issues involved in aviation finance in order to identify and minimize the inherent risks and liabilities. Using case studies and workshops, the course will address the key issues in aviation f...

Irish Aviation: Ireland dominates aircraft leasing industry

Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands t...

Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands that have led this island of just five million people to be a leader in the sector.
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
Facebook: http://trt.world/facebook
Twitter: http://trt.world/twitter
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands that have led this island of just five million people to be a leader in the sector.
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
Facebook: http://trt.world/facebook
Twitter: http://trt.world/twitter
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

What potential problems could aviation leasing and financing companies face?
Senior Vice President, Dario Mulas Debois, explains how Marsh can help manage and mitigate exposures.
To find out more about crime risk or any other risk affecting your business, please email us at aviation360@marsh.com

What potential problems could aviation leasing and financing companies face?
Senior Vice President, Dario Mulas Debois, explains how Marsh can help manage and mitigate exposures.
To find out more about crime risk or any other risk affecting your business, please email us at aviation360@marsh.com

From co-owning Milwaukee’s NBA franchise to working with multiple U.S. presidents, Marc Lasry has worn many hats during his career. However, the co-founder of Avenue Capital Group says his core strategy for making money today does not resemble the approach he took a decade ago. In this in-depth interview, Lasry speaks with Illinois StateBoard of Investment chairman Marc Levine about running a successful hedge fund, finding value in Europe and Asia, and why he loves opportunities in aviation.
Watch more Real Vision™ videos: http://po.st/RealVisionVideos
Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe
Start a 14-day free trial: https://rvtv.io/2NfusU4
About The Interview:
Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go.
About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
Connect with Real Vision™ Online:
Linkedin: https://rvtv.io/2xbskqx
Twitter: https://rvtv.io/2p5PrhJ
Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™
https://www.youtube.com/c/RealVisionTelevision
Transcript:
So Avenue Aviation is a fund that-- that's actually how we met originally. And that's an asset that you've invested in back in the multi-- when you were doing multiple strategies, and then like energy, carved out. So can you sort of describe that business the way you do it? Sure. So really what you're doing is you're buying a hard asset. That's what a plane is. So think of it this way. Everybody wants a new plane. And the reason people are buying new planes, every five, 10 years, new technology comes out. And you add lighter frames, so you are saving money on fuel costs. And that was the biggest -- other than the new technology -- the biggest expense for airlines is really the fuel costs. So think of a car -- same thing. Everybody wants a new car. And you want it because of new technology, and it's more miles to the gallon. Now when all of a sudden oil goes from $100 to $50, you're not really as focused on saving money on fuel. So where we saw that there was a huge opportunity is end-of-life planes. That planes that used to cost $100 million when they were new, 15 years later, 20 years later, those same planes are $5 million. So you can buy those planes – think of it again as a car. So a 20-year-old car, whetherit's a Mercedes or it's a Ford or whatever, it's still a 20-year-old car. So you're going to pay what? $1,000, $500 for the car. But that car is still doing the same thing as every new car does. It gets you from point A to point B. And when you take a look at what's happened in the aviation side, we now-- today, if you're an airline, it's better or it's cheaper for an airline to keep flying older planes because what it's costing them on fuel costs, they're more than making up by not spending $100 million for a new plane. So what you're seeing in that space is that airlines are leasing older planes. So if you fly, when you came out here, you didn't look at it and go, wow, am I on a new plane or not? You just want to go from Chicago to here. And airlines know that. So they're making actually a lot more money today. And for us, they're leasing those older planes. So we buy those planes, lease them out, and we pretty much get back our cost over three years or four years. And now you still have the value of that plane. So what is a 20-year-old plane-- if it's worth $5 million today, what's it worth in five years? Still $5 million-- $4 million. It's already at-- and the reason-- it's at its liquidation value. And what I mean by that is we bought three planes for $5 million each. They had 12 engines. So what did we do with those planes? Well, right after we bought them, somebody needed engines. So we sold nine of the engines. But we sold nine of the engines for $16 million. So we sold nine of the engines for more than we had bought the all the planes. And now what do we have? We have three planes, can't really fly them. So all you do is part it out.

From co-owning Milwaukee’s NBA franchise to working with multiple U.S. presidents, Marc Lasry has worn many hats during his career. However, the co-founder of Avenue Capital Group says his core strategy for making money today does not resemble the approach he took a decade ago. In this in-depth interview, Lasry speaks with Illinois StateBoard of Investment chairman Marc Levine about running a successful hedge fund, finding value in Europe and Asia, and why he loves opportunities in aviation.
Watch more Real Vision™ videos: http://po.st/RealVisionVideos
Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe
Start a 14-day free trial: https://rvtv.io/2NfusU4
About The Interview:
Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go.
About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
Connect with Real Vision™ Online:
Linkedin: https://rvtv.io/2xbskqx
Twitter: https://rvtv.io/2p5PrhJ
Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™
https://www.youtube.com/c/RealVisionTelevision
Transcript:
So Avenue Aviation is a fund that-- that's actually how we met originally. And that's an asset that you've invested in back in the multi-- when you were doing multiple strategies, and then like energy, carved out. So can you sort of describe that business the way you do it? Sure. So really what you're doing is you're buying a hard asset. That's what a plane is. So think of it this way. Everybody wants a new plane. And the reason people are buying new planes, every five, 10 years, new technology comes out. And you add lighter frames, so you are saving money on fuel costs. And that was the biggest -- other than the new technology -- the biggest expense for airlines is really the fuel costs. So think of a car -- same thing. Everybody wants a new car. And you want it because of new technology, and it's more miles to the gallon. Now when all of a sudden oil goes from $100 to $50, you're not really as focused on saving money on fuel. So where we saw that there was a huge opportunity is end-of-life planes. That planes that used to cost $100 million when they were new, 15 years later, 20 years later, those same planes are $5 million. So you can buy those planes – think of it again as a car. So a 20-year-old car, whetherit's a Mercedes or it's a Ford or whatever, it's still a 20-year-old car. So you're going to pay what? $1,000, $500 for the car. But that car is still doing the same thing as every new car does. It gets you from point A to point B. And when you take a look at what's happened in the aviation side, we now-- today, if you're an airline, it's better or it's cheaper for an airline to keep flying older planes because what it's costing them on fuel costs, they're more than making up by not spending $100 million for a new plane. So what you're seeing in that space is that airlines are leasing older planes. So if you fly, when you came out here, you didn't look at it and go, wow, am I on a new plane or not? You just want to go from Chicago to here. And airlines know that. So they're making actually a lot more money today. And for us, they're leasing those older planes. So we buy those planes, lease them out, and we pretty much get back our cost over three years or four years. And now you still have the value of that plane. So what is a 20-year-old plane-- if it's worth $5 million today, what's it worth in five years? Still $5 million-- $4 million. It's already at-- and the reason-- it's at its liquidation value. And what I mean by that is we bought three planes for $5 million each. They had 12 engines. So what did we do with those planes? Well, right after we bought them, somebody needed engines. So we sold nine of the engines. But we sold nine of the engines for $16 million. So we sold nine of the engines for more than we had bought the all the planes. And now what do we have? We have three planes, can't really fly them. So all you do is part it out.

Aviation Finance and Leasing Excellence 2016

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the m...

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the most exciting sectors to be in. New players with different business plans are entering the market – manufacturers, low cost carriers, finance houses, operating lessors. This is a time of change and growth. With over $150 bn worth of new jet aircraft delivered every year, the opportunities are great - but so are
the risks.
In this course, organised in association with course director Kenneth ray, aims to provide an understanding of the key issues involved in aviation finance in order to identify and minimize the inherent risks and liabilities. Using case studies and workshops, the course will address the key issues in aviation finance and how to navigate the way around them.

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the most exciting sectors to be in. New players with different business plans are entering the market – manufacturers, low cost carriers, finance houses, operating lessors. This is a time of change and growth. With over $150 bn worth of new jet aircraft delivered every year, the opportunities are great - but so are
the risks.
In this course, organised in association with course director Kenneth ray, aims to provide an understanding of the key issues involved in aviation finance in order to identify and minimize the inherent risks and liabilities. Using case studies and workshops, the course will address the key issues in aviation finance and how to navigate the way around them.

Irish Aviation: Ireland dominates aircraft leasing industry

Ireland is home to some of the biggest names in aviation. Including Europe's largest airline, Ryan Air. But as KatieGregory reports, it's not just big brands that have led this island of just five million people to be a leader in the sector.
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
Facebook: http://trt.world/facebook
Twitter: http://trt.world/twitter
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

Aviation: 360 Protection - Lease / Finance

What potential problems could aviation leasing and financing companies face?
Senior Vice President, Dario Mulas Debois, explains how Marsh can help manage and mitigate exposures.
To find out more about crime risk or any other risk affecting your business, please email us at aviation360@marsh.com

Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™

From co-owning Milwaukee’s NBA franchise to working with multiple U.S. presidents, Marc Lasry has worn many hats during his career. However, the co-founder of Avenue Capital Group says his core strategy for making money today does not resemble the approach he took a decade ago. In this in-depth interview, Lasry speaks with Illinois StateBoard of Investment chairman Marc Levine about running a successful hedge fund, finding value in Europe and Asia, and why he loves opportunities in aviation.
Watch more Real Vision™ videos: http://po.st/RealVisionVideos
Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe
Start a 14-day free trial: https://rvtv.io/2NfusU4
About The Interview:
Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go.
About Real Vision™:
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Why Invest In Aviation (w/ Marc Lasry) | Interview | Real Vision™
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Transcript:
So Avenue Aviation is a fund that-- that's actually how we met originally. And that's an asset that you've invested in back in the multi-- when you were doing multiple strategies, and then like energy, carved out. So can you sort of describe that business the way you do it? Sure. So really what you're doing is you're buying a hard asset. That's what a plane is. So think of it this way. Everybody wants a new plane. And the reason people are buying new planes, every five, 10 years, new technology comes out. And you add lighter frames, so you are saving money on fuel costs. And that was the biggest -- other than the new technology -- the biggest expense for airlines is really the fuel costs. So think of a car -- same thing. Everybody wants a new car. And you want it because of new technology, and it's more miles to the gallon. Now when all of a sudden oil goes from $100 to $50, you're not really as focused on saving money on fuel. So where we saw that there was a huge opportunity is end-of-life planes. That planes that used to cost $100 million when they were new, 15 years later, 20 years later, those same planes are $5 million. So you can buy those planes – think of it again as a car. So a 20-year-old car, whetherit's a Mercedes or it's a Ford or whatever, it's still a 20-year-old car. So you're going to pay what? $1,000, $500 for the car. But that car is still doing the same thing as every new car does. It gets you from point A to point B. And when you take a look at what's happened in the aviation side, we now-- today, if you're an airline, it's better or it's cheaper for an airline to keep flying older planes because what it's costing them on fuel costs, they're more than making up by not spending $100 million for a new plane. So what you're seeing in that space is that airlines are leasing older planes. So if you fly, when you came out here, you didn't look at it and go, wow, am I on a new plane or not? You just want to go from Chicago to here. And airlines know that. So they're making actually a lot more money today. And for us, they're leasing those older planes. So we buy those planes, lease them out, and we pretty much get back our cost over three years or four years. And now you still have the value of that plane. So what is a 20-year-old plane-- if it's worth $5 million today, what's it worth in five years? Still $5 million-- $4 million. It's already at-- and the reason-- it's at its liquidation value. And what I mean by that is we bought three planes for $5 million each. They had 12 engines. So what did we do with those planes? Well, right after we bought them, somebody needed engines. So we sold nine of the engines. But we sold nine of the engines for $16 million. So we sold nine of the engines for more than we had bought the all the planes. And now what do we have? We have three planes, can't really fly them. So all you do is part it out.

Aviation Finance and Leasing Excellence 2016

The aviation industry is rapidly evolving. Increasing demand for air
travel globally combined with historically low fuel prices make this currently one of the most exciting sectors to be in. New players with different business plans are entering the market – manufacturers, low cost carriers, finance houses, operating lessors. This is a time of change and growth. With over $150 bn worth of new jet aircraft delivered every year, the opportunities are great - but so are
the risks.
In this course, organised in association with course director Kenneth ray, aims to provide an understanding of the key issues involved in aviation finance in order to identify and minimize the inherent risks and liabilities. Using case studies and workshops, the course will address the key issues in aviation finance and how to navigate the way around them.

Aviation

Aviation is the practical aspect or art of aeronautics, being the design, development, production, operation and use of aircraft, especially heavier than air aircraft. The word "aviation" was coined by French writer and former naval officer Gabriel La Landelle in 1873, from the verb "avier" (synonymous flying), itself derived from the Latin word "avis" ("bird") and the suffix "-ation".

Lighter than air

The modern age of aviation began with the first untethered human lighter-than-air flight on November 21, 1783 of a hot air balloon designed by the Montgolfier brothers. The practicality of balloons was limited because they could only travel downwind. It was immediately recognized that a steerable, or dirigible, balloon was required. Jean-Pierre Blanchard flew the first human-powered dirigible in 1784 and crossed the English Channel in one in 1785.